now here is a good one
get
VLC media player from
www.videolan.org
go to preferences -> video -> advanced options -> video output module
change it to
Colour ASCII Mode Output
and there u have ...
play a video file .. it'll play you video in colour ascii mode
awesome thingy man ... take a look

linux has something called mmplayer to do the same
but im not up to linux softies .. so no more idea